There are entry strategies which utilize buying at price beside OHLC. However metastock does not seems to cater to testing these entry methods. Wonder if anyone has a probable solution.

One entry method is to buy at bar high + 1 point.

For example, today bar has a buy setup.
If tommorrow price open below today high, buy at high + 1 point.
If tommorrow price open above today high, buy at open.

Flexi
Using ms8 and tradesim 4

Flexi,

Assuming you are writing the code for back testing in TradeSim then try something along these lines.

Entry Trigger:=Ref(BuySetup,-1); {"BuySetup" = the rules and filters that must be satisfied for the system to give a buy signal}

EntryPrice:= If (OPEN<=Ref(HIGH,-1),Ref(HIGH,-1)+0.01,OPEN);

This code is written on the basis that the “BuySetup” happened yesterday and this is the buy instruction for today.

oztrader

Hi oztrader,

Tradesim allow buying at H+1 but the software does not cater to optimisation. Pefer to implement the Ref(H,-1)+1 in MS system tester. MS8 allow OHLC but not variable price entry. Does v9 or v10 allow this? Or a custom code is possible to buy Ref(H,-1)+1?

Tks.

Hi Flexi,

I had a look at the v9 manual and it would appear to have the same constraints as v8.

Best of luck with the optimising.